Analyst news

• Silver May See Another Boom. Forecast as of 21.08.2024

  21-08-2024 12:24 via litefinance.org
  
  The current market conditions are less favorable for silver than for gold. The white metal is widely used in industry, and the slowdown in the global economy is creating challenges for the XAGUSD. However, market analysts remain optimistic. Let's discuss this topic and make a trading plan.Highlights and key points The start of the Fed's monetary expansion is good news for XAGUSD. The global economic slowdown may reduce the demand for silver. Silver needs another boom, as in 2011, to grow steadil
  
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• Bulls Lured into Trap. Forecast as of 21.08.2024

  21-08-2024 08:36 via litefinance.org
  
  The EURUSD rally has been driven by a number of factors, including shrinking divergence in economic growth, strong demand for pro-cyclical currencies, improving global risk appetite, and other factors. However, it is worth considering whether the euro has risen too high. Let's discuss this issue and make a trading plan.Highlights and key points The euro benefited from its pro-cyclical currency status. The US dollar has replaced the yen as the funding currency in the carry trade. Buying rumors ma
  
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• Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 21.08.2024

  21-08-2024 08:15 via litefinance.org
  
  Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.Highlights and key points BTCUSD: the pair is expected to continue declining in correction (2) toward 55901.27. Consider short trades at the current level with a take-profit order placed at 55901.27. XRPUSD: the price is expected to grow in the impulse wave (C) to the high of 0.654. Consider long trades at the current level, taking profits at 0.654.
  
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• Economic calendar for the week 26.08.2024 – 01.09.2024

  21-08-2024 02:10 via litefinance.org
  
  The US dollar is facing pressure due to the latest US inflation data. Investors are increasingly expecting a rate cut at the Fed's September 17-18 meeting. In addition, some economists are still predicting that the Fed will cut rates by 100 bps this year.The upcoming week of 26.08.2024 - 01.09.2024 marks the end of the month. Although it won't be packed with major macroeconomic data releases, market participants will closely watch for the publication of macro statistics on the USA, Australia, Ge
  
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